USDJPY London briefing — 2026-08-17

BIAS BEARISH — H4 EMA bearish with RSI neutral at 38.32; D1 structure neutral creates conflict, but lower-timeframe momentum favors sells. KEY LEVELS R: 159, 163.91 | S: 158.5, 155.25 NEWS 🟡 Empire State Manufacturing (12:30 UTC) 🟡 NAHB Housing Index (14:00 UTC) 🟡 3-Month Bill Auction (15:30 UTC) SESSION OUTLOOK London will test 158.5 support; watch if NY opens weaker post-data, extending the H4 bearish setup into US hours.

Key Levels

R: 159.000 · 163.911

S: 158.500 · 155.251